POSTED BY July 2, 2014 5:36 pm COMMENTS (3)
ONMy friend’s company EPF is managed by a private trust . For FY2013/14 the Govt had announced 8.75% interest rate. My friend says that his private pf trust gave 9.5% interest rate. Is this possible? if yes,do i have a choice to move my epf to a private trust or am i bound by the pf trust my company chooses?
2021 © Jagoinvestor.com All Right Reserved
So, this means that the interest on PF should be at least the percentage decided by the Govt. 🙂
I did see the statement..it is mentioned as 9.5 !!!
I think you are bound by the pf trust your company chooses…..
Even my company has a private trust and only gives interest as per the Govt. interest rate…. Not sure why your friend’s company is giving more interest…… Ask your friend to check clearly again.